<h3 class="smt_head2">3 [Dividend Policy]</h3>The Company views returning profits to shareholders as an important management priority. However, as we are currently in a growth phase, we believe that the greatest benefit to shareholders comes from strengthening our financial position and expanding internal reserves to fund working capital and capital investments, thereby enabling further business expansion. We intend to allocate retained earnings to development investments for enhancing profitability, securing talented personnel, and funding for M&A activities, using these resources effectively to support the Company's continued development.<p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:9pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:15pt;font-size:9pt;">Accordingly, the Company has not paid dividends since its founding and intends to continue prioritizing the buildup of internal reserves for the foreseeable future.<p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:9pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:15pt;font-size:9pt;">Regarding future dividend distributions, the Company's policy is to provide stable and consistent returns to shareholders while strengthening profitability, establishing a solid business foundation, and taking into account the status of internal reserves and the business environment. At present, the timing and feasibility of dividend implementation remain undetermined.<p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:9pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:15pt;font-size:9pt;">When dividends are implemented, the Company's basic policy is to pay dividends twice annually—interim and year-end dividends. The Company's Articles of Incorporation provide that matters concerning dividend distributions and other items specified in Article 459, Paragraph 1 of the Companies Act may be determined by Board of Directors resolution, except where otherwise provided by law.

The company is currently in a growth stage and has not paid dividends since its founding. For the foreseeable future, the policy is to build up retained earnings. These retained earnings will be allocated to development investments, talent acquisition, and M&A funding to support business expansion. In the future, the company plans to implement stable and continuous profit returns to shareholders. When dividends are implemented, the basic policy is to pay dividends twice per year.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2026/02/13)	0	0	0	-
FY2025	Actual(2026/02/13)	0	0	0	-
	Forecast(2025/02/14)	0	0	0	-
FY2024	Actual(2025/02/14)	0	0	0	-
	Forecast(2024/05/15)	0	0	0	-
FY2023	Actual(2024/05/15)	0	0	0	-

(145A) Dividends

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Dividend History (Forecasts, Revisions, Actuals)